Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, November 29 2022 - 02:46
Xinhua Silk Road: 2022 world IoT summit kicks off in eastern Chinese city Wuxi
BEIJING, Nov. 28, 2022 /PRNewswire-AsiaNet/ --

The 2022 World Internet of Things (IoT) Wuxi Summit kicked off on November 26 
in Wuxi, east China's Jiangsu Province.

As a main part of the 222 World IoT Exposition also held in the city, the 
summit attracted elites worldwide to jointly discuss future development, latest 
scientific and technological results and excellent application cases of the IoT 

As a pioneer in IoT development, Wuxi is the only national sensor network 
innovation demonstration zone in China. The city has been continuously tapping 
into the industry in recent years.

In 2021, the scale of the city's IoT industry exceeded 350 billion yuan, 
accounting for 50 percent of that in Jiangsu and nearly 25 percent of  national 
total. The figure kept a growth rate of 14 percent from January to September 
this year.

Driven by the industry, the city's digital economy has made great strides, with 
the scale of core industries surpassing 600 billion yuan in 2021, ranking first 
in Jiangsu regarding development index.

At the summit, 11 academicians from the Chinese Academy of Engineering and the 
Chinese Academy of Sciences jointly initiated the Wuxi Initiative on 
accelerating IoT development, proposing to develop the industry from new 
digital infrastructure, new digital technologies, new digital applications and 
the building of open and collaborative world-class IoT clusters.

The 2022 gold award results of new technologies, new products and new 
applications of the IoT industry and the IoT innovation development index were 
also released at the summit.

Wuxi inked cooperation agreements at the summit with China Unicom, the China 
Center for Information Industry Development with the Ministry of Industry and 
Information Technology and Chinasoft International Limited, with the aim to 
promote the development of the digital new economy in the city.

Taking artificial intelligence plus IoT integration and innovation as the main 
line, Wuxi will focus on developing intelligent sensors, internet of vehicles 
and industrial internet by enhancing the building of innovation platforms, 
improving related regulations and creating better business environment for 
related enterprises.

It is learned that the World IoT Exposition has attracted participants from 
over 50 countries and regions and more than 1.1 million attendees since it was 
first held in 2010, with nearly 800 major projects launched, driving a total 
investment of more than 200 billion yuan in the IoT field.

SOURCE: Xinhua Silk Road

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   Caption: The 2022 World IoT Wuxi Summit opens in Wuxi, east China's Jiangsu 
Province, November 26, 2022.